Skeptical on Social Security, younger workers shift to personal retirement accounts

Published Updated 7 Min Read

Older generations still view Social Security as a viable source of retirement income. But younger workers aren’t confident it will be there for them when they finish their careers.

According to research firm Cerulli Associates’ latest U.S. Retirement Edition study, more than half (56%) of retired 401(k) participants say Social Security is their primary source of income, while only 7% of current retirees rely on personal retirement accounts as their primary source of income.

Rob Burgess
Former reporter

Rob Burgess is a 45-time award-winning journalist who has extensive experience leading newsrooms and working in television, podcasts, radio, print and online. Most recently, he was technology … Read full bio


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